Please indulge, I now have a peripatetic insect in my pate integument (i.e., a bee in my bonnet) I came here just to partially improve the piffling idea previously inscripted by replacing "Pi Insignia" with "Perimeter Initials".

during a round of post-doc applications I had to ask one of my referees (a prominent physicist) if he had already sent out the letters of recommendation and I reminded him that for PI the application procedure was online.

He replied to me that so far he had not been successful with the web forms of the "Periferal Institute".

I would expect misspelling the institution's name does not directly increase you chances there but judging from what I see in the applications to our new TMP program this point of view is not very wide spread...